Investors can contact the law firm at no cost to learn more about recovering their losses
LOS ANGELES, Nov. 06, 2024 (GLOBE NEWSWIRE) -- The Portnoy Law Firm advises EngageSmart, Inc. ("EngageSmart" or the "Company") (NYSE: ESMT) investors of a class action representing investors that bought securities between October 23, 2023 and January 26, 2024, inclusive (the "Class Period"). EngageSmart investors have until December 9, 2024 to file a lead plaintiff motion.
Investors are encouraged to contact attorney Lesley F. Portnoy, by phone 310-692-8883 or email: lesley@portnoylaw.com, to discuss their legal rights, or click here to join the case. The Portnoy Law Firm can provide a complimentary case evaluation and discuss investors’ options for pursuing claims to recover their losses.
The complaint claims that a series of significant misstatements and omissions of key facts hid a problematic and biased sales process that resulted in EngageSmart's January 2024 take-private merger with Vista. This process was allegedly driven not by what was in the best interests of unaffiliated stockholders, but by General Atlantic's goal of cashing out part of its five-year investment in EngageSmart, while retaining control, or at least maintaining an equity stake to benefit from the company's future performance. The complaint also asserts that this violated an "equal treatment" provision in the company's charter.
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The Portnoy Law Firm represents investors in pursuing claims against caused by corporate wrongdoing. The Firm’s founding partner has recovered over $5.5 billion for aggrieved investors. Attorney advertising. Prior results do not guarantee similar outcomes.
Lesley F. Portnoy, Esq.
Admitted CA and NY Bar
lesley@portnoylaw.com
310-692-8883
www.portnoylaw.com
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